Senior Monetary Policymaker Under Investigation-Quanshang China

A senior Chinese monetary policymaker, Sun Guofeng, former director of the Monetary Policy Department of the People's Bank of China, is under investigation of “suspected serious violation of laws and discipline”, Quanshang China, a social media outlet of Securities Times reported citing the party’s anti-graft watchdog. Zou Lan, currently head of the financial market in PBOC will take up the post, the newspaper said. Beijing’s disciplinary crackdown on the financial sector has accelerated, with many upper-level officials investigated, including Mou Shangang, former director of the central bank's service center, and Yang Xiaoping, former head of the PBOC’s Kunming branch, the newspaper said.